The first proper trading day of 2026 and there is plenty to contemplate – The events at the weekend were unprecedented, but then again we have never had a US president like Donald Trump have we?

European defence stocks are higher this morning RHM GR, Rheinmetall AG are up + 7.70% for instance- this was one of my top picks in 2025 and right now there is no reason to suppose that they wont continue to perform in 2026.

UK oil stocks are flat on the day, but Chevron CVX US, which has Venezuelan exposure, are up +7.75% in the US pre market session. Whilst oil services group Haliburton HAL US are up + 9.32% in the pre part of a 21.0% 3-month gain in the name.